Oil prices sank below $60 a barrel Friday, ending a week in which crude has fallen more than 10 percent on growing pessimism about the economy and also the well-being of companies about to report second-quarter earnings.
The Michigan-based utility provider feels the economic slowdown as automakers struggle for survival, with Anthony Earley, DTE Energy Company chairman/CEO.
World leaders are wrapping up the annual G8 Summit in Italy, while lawmakers in Washington are keeping busy on their own. CNBC's John Harwood has the details.